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+91 7044410150
ccmarketingandsales@gmail.com
Amending the MOA of a Public Limited Company involves much stricter regulatory scrutiny to protect the interests of the public and minority shareholders.
Protecting Stakeholders: Ensures transparency when a large entity changes its core business.
Regulatory Adherence: Aligns the company with SEBI guidelines (if listed) and the Companies Act.
Postal Ballot / E-Voting: If the public company has raised money from the public through a prospectus and has unutilized funds, altering the object clause requires passing a special resolution strictly through postal ballot/e-voting.
Newspaper Publication: The details of the resolution and the justification for the change must be published in one English and one vernacular newspaper in the city of the registered office.
Dissenting Shareholders: Promoters must provide an exit opportunity to dissenting shareholders as per SEBI regulations.
Filing MGT-14: Similar to a Pvt. Ltd., the resolution is filed with the MCA.
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